Key Notes
- A major whale known as โ1011shortโ has expanded his leveraged long to 120,094 ETH, worth $392 million, amid Ethereum price volatility.
- BitMine Technologies purchased an additional 33,504 ETH, further reaching closer toward its goal of reaching 5% of the total ETH supply.
- Institutional demand remains firm, with spot Ethereum ETFs recording more than $250 million in net inflows this week.
Ethereum
ETH
$3 207
24h volatility:
3.5%
Market cap:
$387.13 B
Vol. 24h:
$36.14 B
price is down 3.5% on Dec. 11, slipping under $3,200, amid the broader crypto market sell-off after the Fed rate cut announcement. Market experts believe that ETH charts show the possibility of a 9-16% move ahead, along with the formation of a bullish divergence pattern. On the other hand, flows into spot Ether ETFs continue to remain in the positive territory.
Ethereum Price Volatility Likely Ahead
Citing his proprietary Divergence Superstack, crypto analyst Ardi noted that the chart flashes a strong โBullish Divergenceโ for Ethereum price. He added that such a signal has appeared for the first time in a month.
According to the algorithm, the setup has a strength score of 7.61, suggesting a historically meaningful reversal zone. Ardi noted that the last three times this signal alert came, the ETH price moved 9-16%. However, these swings have been in both directions, up and down.
On Sept. 20, Ethereum price moved from $4,540 to $3,800. While on Oct 1, it moved from $4,000 to $4,770. The last time the bullish divergence appeared on November 6, ETH price moved from $3,450 to $3,140.
Ethereum price bullish divergence signal | Source: Ardi
Citing this indicator, Ardi also wrote:
โClosed all my $ETH shorts. Thereโs potential for a little more pain, but Iโm not fading my trusty Divergence Superstacker when Iโm up triple-digit gainsโ.
Whales and Institutions Continue Buying
Amid the current Ethereum price movement, a BitcoinOG whale has doubled down on his ETH long positions. The whale, identified as โ1011short,โ has increased its ETH long position to 120,094 ETH, worth a massive $392.5 million.
Whale increases ETH long position | Source: Hyperdash
The position carries a liquidation price of $2,234.69. It shows that thereโs a substantial high leverage, and a strong conviction for further Ethereum upside.
On the other hand, Tom Leeโs BitMine Technologies (BMNR) has continued with its aggressive ETH purchases. A few hours back, the firm purchased an additional 33,504 ETH worth $112 million. The firm already has 3.9 million ETH holdings, and is on a path to achieving its 5% of ETH supply holdings.
Tom Lee(@fundstrat)’s #Bitmine just bought another 33,504 $ETH($112.06M) over the past 6 hours.https://t.co/EDHtiwjyaohttps://t.co/adab0TBF5P pic.twitter.com/E7XJTejGZb
โ Lookonchain (@lookonchain) December 11, 2025
On the other hand, inflows into spot Ethereum ETFs have remained strong this week. According to data from Farside Investors, total inflows so far this week have already crossed $250 million.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
